According to a new analysis, the U.S. government would have to sell all its shares in General Motors at an average price of $133.78 a share in order to break even on its stake in the automaker. Should U.S. taxpayers be worried?…
Ford earnings are expected to be weaker next year due to higher costs for pensions and materials, according to a research note released Wednesday by Credit Suisse Securities. Forecasts call for pretax income from Ford’s North A…
Daimler AG (DDAIF) denied that is in talks with Fiat SpA (FIATY) about taking over the Italian carmaker’s industrial operations.
“There are no talks on this with Fiat,” Daimler spokesman Florian Martens told Bloomberg News. “In our industry at this t…
CarMax Inc (KMX) reported quarterly earnings of 48 cents per share, up from 46 cents per share a year earlier.
Net sales rose 13% to $2.34 billion, from $2.08 billion a year earlier, the company said in a statement. Comparable store used unit sales rose 4%, with total used unit sales rising 5%.
“We are pleased to report another quarter of solid increases in both used and wholesale…
Continue reading CarMax Earnings Rise to 48 Cents Per Share
CarMax Earnings Rise to 48 Cents Per Share originally appeared on DailyFinance on Wed, 22 Sep 2010 08:15:00.
Filed Under: Company News, Earnings, Autos, Retail
General Motors Co., which is 61% owned by the U.S. government, resumed making political donations after an 18 month break.
The company’s political action donated a total $48,000 to Republicans and Democrats, with contributions going to figures including Sen. Charles Schumer, D-NY, and Rep. Dave Camp, R-Midland, The Detroit News reported.
The political action committee stopped…
Continue reading GM Resumes Political Donations
GM Resumes Political Donations originally appeared on DailyFinance on Wed, 22 Sep 2010 07:39:00.
Filed Under: Company News, People, General Motors, Taxes, Autos